On September 12, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on September 12, Wang Wei increased his OTC holdings at an average price of HK$2.71 per unit on September 11$SF REIT (02191.HK)$4.8929 million fund units worth approximately HK$13.2597 million. After increasing her holdings, Wang Wei's latest holdings were 0.296 billion fund units, and the ratio of good positions rose from 35.67% to 36.27%.
The transaction involved other related parties: S.F. Holding Co., Ltd. (S.F. Holding Co., Ltd.) and Shenzhen Mingde Holding Development Co., Ltd.
What is disclosure of interests?
As required by the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their share interests in listed companies. The directors and top executives of a listed company must disclose their interest in shares and debentures of the listed company and the company linked to the listed company.
Why is disclosure of interests important?
Disclosure of interests allows investors to identify (1) persons who control or are capable of controlling the stock interests of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.